The Fed caused the 2008 Crash; and has ALREADY laid the Foundation for the Next One

This past week in particular has seen no end of pontificating on the causes of and lessons learned (?) from the 2008 Financial Crisis.

In one sense it's been a bit humorous to see the likes of a Ben Bernanke, Jack Paulson and Tim Giethner being fawned over in interviews on their retrospectives of that dark hour. During this weekend's show (two segments of which I spent with Al Korelin on that crash and what factors are already taking shape which will lead to the next one) I likened listening to these guys as akin to hearing from Jack the Ripper on the virtues of knife safety.

For present purposes, a Fed notably more "hawkish" for various reasons than anything we've seen in well over a decade appears on the road to prompting the next deflationary unraveling. I discussed this dynamic at some length in the first regular issue of The National Investor; that excerpt can be read or downloaded by clicking on the below:

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